No. The high mileage reduction does not apply to motorcycles, motor homes (RVs), large trucks or trailers.
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The amount of the reduction will vary according to the class and age of the vehicle per the January NADA Official Guide. In general, vehicles that are older than 10 years may not have a reduction, as the mileage may already be factored into the assessment.
By February 1 of each year, report the mileage of the vehicle as of January 1 for any assessment reduction to be applied to current year.
Yes. However, we will need proof of the mileage. We accept an inspection receipt, repair bill, or oil change receipt and it needs to be dated before January 1. If proof is not dated, before January 1, then this will be applied to the following tax year. (A picture of the odometer will not be accepted as proof.)
No. The highest category has been achieved and no further reporting is necessary.